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Income Taxes (Tables)

12 Months Ended

Dec. 28, 2014

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

Income before income taxes for the Company’s domestic and foreign operations was as follows (in thousands):

		Fiscal Year
		2014				2013				2012
Domestic operations		$	6,627			$	605			$	8,018
Foreign operations			465				481				—
Total		$	7,092			$	1,086			$	8,018

Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consisted of the following (in thousands):

		Fiscal Year
		2014				2013				2012
Federal:
Current		$	2,386			$	—			$	—
Deferred			(467	)			(818	)			(13,610	)
			1,919				(818	)			(13,610	)
State and Local:
Current			622				1,394				876
Deferred			178				(838	)			(3,260	)
			800				556				(2,384	)
Foreign:
Current			29				58				—
Deferred			—				—				—
			29				58				—
Income tax expense (benefit)		$	2,748			$	(204	)		$	(15,994	)

Reconciliation of Differences Between Federal Statutory and Effective Income Tax Rate

Income tax expense differed from the amounts computed by applying the U.S. federal income tax rates to income before income taxes as a result of the following (in thousands):

		Fiscal Year
		2014				2013				2012
Computed “expected” tax expense		$	2,411			$	380			$	2,726
Increase (reduction) resulting from:
Permanent differences			97				63				—
State and local income taxes, net of federal income tax effect			460				145				358
FICA and other tax credits			(222	)			(113	)			(41	)
Change in valuation allowance			—				—				(19,078	)
Non-deductible IPO costs			—				195				—
Rate change and true-ups			2				(874	)			41
		$	2,748			$	(204	)		$	(15,994	)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities reflected in the consolidated balance sheets are presented below (in thousands):

		December 28, 2014				December 29, 2013
Deferred tax assets—current:
Accrued liabilities		$	1,047			$	1,238
Deferred revenue on gift certificates and gift cards			70				96
Deferred tax assets—non-current:
Net operating loss carryforwards			336				583
Stock-based compensation			8,317				8,391
Property and equipment depreciation			6,760				6,415
Deferred rent and start-up amortization			3,930				3,470
Accrued liabilities			345				347
FICA and other tax credits			116				55
Total deferred tax assets			20,921				20,595
Less: valuation allowance			(68	)			(57	)
Net deferred tax assets			20,853				20,538
Deferred tax liabilities—current:
Prepaids			(610	)			(553	)
Deferred tax liabilities—non-current:
Intangible asset			(1,126	)			(1,012	)
Smallwares			(668	)			(607	)
Other timing differences			(82	)			(288	)
Total gross deferred tax liabilities			(2,486	)			(2,460	)
Net deferred tax assets (liabilities)		$	18,367			$	18,078

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h)(1)(i))

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